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Nov 29, 2012
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. >> reporter: meanwhile with the so-called fiscal cliff looming, president obama sends his chief negotiator, tim geithner, to capitol hill today for individual meetings with each member of the congressional leadership, including speaker boehner. wednesday, mr. obama brought back a campaign atmosphere, surrounding himself with what he called average middle class families to ramp-up pressure on republicans. >> if congress does nothing, every family in america will see their taxes automatically go up at the beginning of next year. >> reporter: the president wants congress to extend the bush tax rates for those making less than $250,000, but let taxes go up for everyone else. he's taking that message on the road friday to pennsylvania. not to be outdone on the pr front, house republicans hosted a group of nervous business leaders who have signed on to a campaign called "fix the debt" who want spending cuts to supplement the tax hikes. >> we put revenue on the table as long as it's accompanied by serious spending cuts to avert this crisis. >> reporter: and as the president gets set to change up
. >> reporter: meanwhile with the so-called fiscal cliff looming, president obama sends his chief negotiator, tim geithner, to capitol hill today for individual meetings with each member of the congressional leadership, including speaker boehner. wednesday, mr. obama brought back a campaign atmosphere, surrounding himself with what he called average middle class families to ramp-up pressure on republicans. >> if congress does nothing, every family in america will see their taxes...
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Nov 29, 2012
11/12
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yesterday investors reacting positively to comments from president obama and house speaker john boehner about the likelihood that congress will reach a budget deal to avoid that so-called year-end fiscal cliff. today we'll get data on unemployment claims, we'll get pending home sales and a revised estimate on third quarter gdp which may show the economy grew more than previously thought this summer. the dow jumped 106 points to 12,985 while the nasdaq was up nearly 24 points to 2991 on those positive comments. meantime small businesses hit it big on cyber monday. digital research firm big commerce says a surge in orders drove overall revenue for small chains and mom and pop stores up 25% over last year's cyber monday. the average order price was 8% higher. online shoppers bought so much stuff, local retailers were averaging about two orders per second. that's four times the normal daily rate. >>> you know, it seems as though every single day during the holiday season has its own title. small business saturday, cyber monday, now it's cyber week. i'm wondering if every day between now and
yesterday investors reacting positively to comments from president obama and house speaker john boehner about the likelihood that congress will reach a budget deal to avoid that so-called year-end fiscal cliff. today we'll get data on unemployment claims, we'll get pending home sales and a revised estimate on third quarter gdp which may show the economy grew more than previously thought this summer. the dow jumped 106 points to 12,985 while the nasdaq was up nearly 24 points to 2991 on those...
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Nov 30, 2012
11/12
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. >>> to washington for the battle to avoid the fiscal cliff heating up. president obama hitting the road in moments to pressure lawmakers to strike a deal. kristen welker is at the white house this morning. good morning. >> reporter: president obama travels to hatfield, pennsylvania, where he will turn up pressure with republicans to increase taxes on wealthier americans, after a show of bipartisanship. the president inviting mitt romney to the white house on thursday. with washington deadlocked, president obama reached out to his former rival, inviting mitt romney to lunch at the white house, aiming to put past differences to rest. >> i think that he's very interested in some of governor romney's ideas. >> reporter: romney arrived shortly after noon thursday. white house officials revealed few details about the lunch, saying only they ate white turkey chili, and the meeting lasted more than an hour, with governor romney congratulating the president on re-election. in the sole picture released by the white house, you can see the dining room where the men
. >>> to washington for the battle to avoid the fiscal cliff heating up. president obama hitting the road in moments to pressure lawmakers to strike a deal. kristen welker is at the white house this morning. good morning. >> reporter: president obama travels to hatfield, pennsylvania, where he will turn up pressure with republicans to increase taxes on wealthier americans, after a show of bipartisanship. the president inviting mitt romney to the white house on thursday. with...
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Dec 4, 2012
12/12
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KPIX
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coming up, president obama consults a group of the nation's governors on the "fiscal cliff." >> and well wishes are pouring in for will and kate as brits make bets on whether it will be a boy, girl, twins or triplets. >>> hi, i'm meteorologist lawrence karnow live at the whole foods market in cupertino. if you have been looking for a way to help people for the holidays, we have a great idea for you plus we'll talk about that rain coming back all that in just a few minutes. ,,,,,,,,,,,,,,,, typhoon in the philippines. 33 villagers wer >>> at least 74 people are dead or missing following a powerful typhoon in the philippines. >> 33 villagers all swept way after a massive wave hit their emergency shelter there. the storm brought in 160-mile- per-hour winds ashore toppling trees and causing widespread power outages. >>> syrian violence is deadly for schoolchildren. state media reports 29 students and a teacher were killed when a mortar slammed into their school outside damascus. the report blames terrorists a term the government uses for rebels. >>> this is live look right now outside the pr
coming up, president obama consults a group of the nation's governors on the "fiscal cliff." >> and well wishes are pouring in for will and kate as brits make bets on whether it will be a boy, girl, twins or triplets. >>> hi, i'm meteorologist lawrence karnow live at the whole foods market in cupertino. if you have been looking for a way to help people for the holidays, we have a great idea for you plus we'll talk about that rain coming back all that in just a few...
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Dec 5, 2012
12/12
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KRON
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fiscal cliff. next flicks' has reached a multi-year agreement to show disney movies after they finish their run in theaters. net flics outbid hbo, showtime and current rights holder stars. the deal will allow net slicks' to stream in disney movies over the internet, seven months after they leave theaters. starting in 2016. the financial terms of the deal have not been released. the nation's largest port complex loss angeles and long beach is back in business today. striking clerical workers reached a tentative agreement. the eight day strike prevented shippers from delivering goods with slips stacked up off shore. it was estimated that the strike cost the local economy a billion dollars a day. >> as we take a break. when i take a picture of this check, it goes straight to the bank. oh. oh look the lion is out! no mommy no! don't worry honey, it only works on checks. deposit checks from your smartphone with chase quickdeposit. just snap a picture, hit send and done. take a step forward and chase wha
fiscal cliff. next flicks' has reached a multi-year agreement to show disney movies after they finish their run in theaters. net flics outbid hbo, showtime and current rights holder stars. the deal will allow net slicks' to stream in disney movies over the internet, seven months after they leave theaters. starting in 2016. the financial terms of the deal have not been released. the nation's largest port complex loss angeles and long beach is back in business today. striking clerical workers...
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Nov 30, 2012
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once a deal is closer president obama will take over the talks. so far independent senator joe lieberman is not encouraged. >> if we go over the cliff it's going to send the country back into recession. >> reporter: vice president joe biden stopped by a washington, d.c. costco thursday to help the white house's public campaign for a deal. >> consumer confidence is growing. the last thing we need to do is dash that now by being unable to extend middle class tax cuts. >> reporter: the vice president said if those tax cuts aren't extended, the average american family stands to lose $2,200 next year. danielle nottingham, cbs news, washington. >>> talk about a power lunch. president obama and mitt romney met privately at the white house to have lunch. their first face-to-face meeting since the campaign debate. aides say the president wanted to discuss romney's ideas for making government run more smoothly. >> somebody with governor romney's experience clearly could have insight into how to maximize efficiency in an operation like the federal government
once a deal is closer president obama will take over the talks. so far independent senator joe lieberman is not encouraged. >> if we go over the cliff it's going to send the country back into recession. >> reporter: vice president joe biden stopped by a washington, d.c. costco thursday to help the white house's public campaign for a deal. >> consumer confidence is growing. the last thing we need to do is dash that now by being unable to extend middle class tax cuts. >>...
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Nov 29, 2012
11/12
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KTVU
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to capitol hill trying to push negotiations forwards on avoiding -- forward on avoiding that fiscal cliff. he is due to meet to talk about how to avoid a series of tax heights and series of cuts due to begin in january. president barack obama said he will do whatever it takes to get this done and also today, president barack obama will have lunch at the white house with mitt romney, his former rival. during his election speech he said he would reach out to mitt romney and he is doing it. the white house has no specific ideas but they are looking forward to making the government work more efficiently. >>> there is an accident in the east bay, a big-rig slammed into three parked cars and has spilled diesel. it slammed into these cars here and the fire department is trying to mop up the diesel fuel spill. this is right between san leandro and cost trough valley. and it is off of 162nd avenue and you can see that it has created quite a mess there, so the crews will be there for quite some time trying to contain this. it did happen almost an hour ago so they have been on the scene almost an ho
to capitol hill trying to push negotiations forwards on avoiding -- forward on avoiding that fiscal cliff. he is due to meet to talk about how to avoid a series of tax heights and series of cuts due to begin in january. president barack obama said he will do whatever it takes to get this done and also today, president barack obama will have lunch at the white house with mitt romney, his former rival. during his election speech he said he would reach out to mitt romney and he is doing it. the...
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family today to make his case for avoiding the fiscal cliff, a northern virginia couple to highlight his push for extending current tax rates for everyone but the top 2%. new associated press poll shows there is clear support for mr. obama's plan in the poll 48% want the tax cuts on incomes exceeding quarter million dollars a year to expire in january while continuing them for everyone else. 32% want to renew the tax cuts for everyone. findings seem to strengthen the president's hand in his negotiations >> recall alert for parents from 7 on your side. government is taking action against makers of nap nanny, a portable baby recliner, after five infanned -- five infant deaths. the nap nanny poses risk of injury and death to infants. the commission says it is a dangerous product with a faulty sign. coming up on "good morning america" at 7:00, why the makers are refusing to pull its product. >>> this afternoon cal will hold a news conference to introduce the bear's new coach, sonny dykes has hired yesterday to rebill the program he leaves louisiana tech after three seasons. this year --
family today to make his case for avoiding the fiscal cliff, a northern virginia couple to highlight his push for extending current tax rates for everyone but the top 2%. new associated press poll shows there is clear support for mr. obama's plan in the poll 48% want the tax cuts on incomes exceeding quarter million dollars a year to expire in january while continuing them for everyone else. 32% want to renew the tax cuts for everyone. findings seem to strengthen the president's hand in his...
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Dec 5, 2012
12/12
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KTVU
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president obama is trying to convince these business leaders that he has a plan to avoid the fiscal cliff and get the economy back on track. but he says it's going to take some sacrifice. here's a look at the president shaking hands with business leaders about 15 minutes ago and he's calli for tax increases on the wealthiest americans and an extension of tax rates for the middle school. talks have fallen apart in recent days. but the president insists he's working with republicans to try to get a deal. republicans are willing to cut -- >> reporter: republicans are willing to cut loopholes. here's what john boehner said. >> the revenues being put on the table are gonna come from guess who? the rich. >> reporter: republicans say it's clear to them that president obama is not serious about negotiating. reporting live from washington, d.c., alison burns, ktvu channel 2 news. >>> 8:17. we asked some people in the bay area whether they think the president and congress will reach an agreement on the fiscal cliff by the end of the year. >> they both have this position that they are not willing to
president obama is trying to convince these business leaders that he has a plan to avoid the fiscal cliff and get the economy back on track. but he says it's going to take some sacrifice. here's a look at the president shaking hands with business leaders about 15 minutes ago and he's calli for tax increases on the wealthiest americans and an extension of tax rates for the middle school. talks have fallen apart in recent days. but the president insists he's working with republicans to try to get...
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Nov 30, 2012
11/12
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KPIX
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"fiscal cliff." today treasury secretary tim geithner met with house and senate leaders. republicans came out of that meeting saying that the white house needs to get serious about spending cuts. >> it's time for the president, congressional democrats to tell the american people what spending cuts they are really willing to make. >> let's give a christmas present to the american people. and all we're saying is, we're willing to make the cuts. >> coming needs to reach an agreement in the next few weeks in order to avoid a series of automatic tax hikes and spending cuts in january. >>> oh, to be a fly on the wall on this one. president obama and mitt romney met privately at the white house today to chew over the nation's economic issues. it was the first time they have been together face to face since their contentious campaigns. cbs reporter tara mergener on the political power lunch. >> reporter: mitt romney got out of an suv and walked into the white house alone. the former republican nominee then s
"fiscal cliff." today treasury secretary tim geithner met with house and senate leaders. republicans came out of that meeting saying that the white house needs to get serious about spending cuts. >> it's time for the president, congressional democrats to tell the american people what spending cuts they are really willing to make. >> let's give a christmas present to the american people. and all we're saying is, we're willing to make the cuts. >> coming needs to reach...
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Nov 30, 2012
11/12
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avoiding the fiscal cliff. the president will make the case that congress needs to take action to stop taxes from going up on middle class consumers during the holiday season. republicans say they are not impressed with the president's latest proposal brought to capitol hill yesterday by timny geithner. the white house proposal consists of $1.6 trillion in higher taxes. and want $50 billion in infrastructure spending until 2015. >>> more bay area cities are considering taxes on soda sales. the first city to put the idea up for public vote was richmond. that was defeated earlier this month. now berkeley, vallejo, and alameda county are all thinking about similar measures. the soda industry said the tax would not work because consumers would go to neighboring cities to buy their drinks without the tax. >>> if you want to you'll get a chance to play the power ballot reflection year. the california lottery commission just voted they will join the power ball game and power ball tickets will go on sale here in califo
avoiding the fiscal cliff. the president will make the case that congress needs to take action to stop taxes from going up on middle class consumers during the holiday season. republicans say they are not impressed with the president's latest proposal brought to capitol hill yesterday by timny geithner. the white house proposal consists of $1.6 trillion in higher taxes. and want $50 billion in infrastructure spending until 2015. >>> more bay area cities are considering taxes on soda...
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Dec 6, 2012
12/12
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KRON
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the administration is taking a tough line on the fiscal cliff as far as the obama resumes contact with house speaker john banner. treasury secretary says that the administration will absolutely let the double whammy take effect as scheduled on less republicans give and to president obama as the man to raise tax rates at all where income levels. geiger says the problem is too big to be solved without raising tax rates on the wealthy. he drew a fierce response from republicans saying that the statement was stunning and irresponsible. egest republic golegest republis ordered protesters supporting and opposing president mohammed morsi to leave the area around the presidential palace that has been the site of fierce clashes. the guard gave broad protesters on both sides time to clear out. >> the death toll from the typhoon hit the southern philippines has climbed to 350 people today. it hit hardest in the southern philippines where entire families were washed away. and the four injured people are still missing. nato has called on north korea to cancel its plans for a second rocket launch. a
the administration is taking a tough line on the fiscal cliff as far as the obama resumes contact with house speaker john banner. treasury secretary says that the administration will absolutely let the double whammy take effect as scheduled on less republicans give and to president obama as the man to raise tax rates at all where income levels. geiger says the problem is too big to be solved without raising tax rates on the wealthy. he drew a fierce response from republicans saying that the...
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Dec 6, 2012
12/12
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KTVU
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and john boehner will talking on the phone about the fiscal cliff. still, there's no real progress. this all comes as another republican says he's willing to break ranks regarding this. tom coburn said that he -- some are looking for a way to save grace as they move in. >>> allison turns reports, hundreds of thousands of california jobs could be lost. alison? >> reporter: and dave, the defense industry projects about 135,000 jobs would be lost in california over the next few years if those tax increases and massive spending cuts kick in at the end of this month. if there's no deal on those, the pentagon was initially told not to plan for the cuts. that's all changed. in the last 24 hours, the pentagon leaders say they are preparing to slice about 10% of the budget. if we go over the fiscal cliff experts predict one in five defense contracts in california could be -- would be lost. both parties say there's still time to reach a deal and avoid those major losses. >> nobody wants to get this done more than me. >> our goal is to make sure this gets resol
and john boehner will talking on the phone about the fiscal cliff. still, there's no real progress. this all comes as another republican says he's willing to break ranks regarding this. tom coburn said that he -- some are looking for a way to save grace as they move in. >>> allison turns reports, hundreds of thousands of california jobs could be lost. alison? >> reporter: and dave, the defense industry projects about 135,000 jobs would be lost in california over the next few...